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Housing Profile
Sarasota County, Florida
  • Population, 2016: 399534. Sarasota County ranks # 14 of Florida's 67 counties in population.
  • Households, 2016: 185491
  • Homeownership Rate, 2016: 75.4%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Sarasota County is projected to have a population of 492201, ranking it # 17 of Florida's 67 counties.

Projected Total Population, Sarasota County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Sarasota County 379448 399534 420801 444597 463997 479999 492201
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $265894. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $73843.
  • Condominium, average just value, 2016: $276417.

Home Sales Prices

  • The average sales price for a single family home was $339904 in 2016. The median sales price that year was $244900, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Sarasota County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Sarasota County Condominiums 114400 105500 115000 120700 129600 136000 151900 167500 190000 230000 259000 279450 212500 169000 163500 156000 160000 165000 185150 199450 204750
Sarasota County Single Family Homes 97800 104900 112000 120900 132500 143500 155000 170000 199900 254900 269900 243000 229000 190000 195000 190000 190050 217000 235600 252600 244900
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Sarasota County, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Sarasota County, Florida 1023 1002
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File
  • In Sarasota County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $769 for a studio apartment, $827 for a one-bedroom, $1063 for a two-bedroom, $1459 for a three-bedroom, and $1772 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Sarasota County, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Sarasota County 226 431 1323 6619 12850 15896 4276 1659 589 477 491 2384 47221
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 54 licensed manufactured housing parks in Sarasota with 7991 lots in 2012.
  • There are 1088 licensed condominium developments in Sarasota with 54979 units in 2012. Of these, 94 properties with 4857 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Sarasota County, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Sarasota County Sarasota One to four-family (other than manufactured housing) 18869 11548 6350 4133 3740 3554 3568 7004 8428 9837 11780
Sarasota County Sarasota Manufactured housing 181 121 76 34 25 18 21 54 79 30 48
Sarasota County Sarasota Multifamily 18 10 7 3 3 0 3 8 10 8 9
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2015

Foreclosures and Serious Delinquencies

  • The Sarasota-Bradenton MSA had a foreclosure rate for 1-4 unit homes of 8.57% and a serious delinquency (90+ day) rate of 2.97% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2016, 78320 Sarasota County households (42%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 40322 households in Sarasota County (22%) pay more than 50% of income for housing.

Households by Cost Burden, Sarasota County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 107171 37998 40322
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Sarasota County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 86056 27452 26390
Renter 21115 10546 13932
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Sarasota County and the surrounding metro area, the HUD-estimated median income for a family of four is $65500 in 2017.

Households by Income and Cost Burden, Sarasota County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 1294 1392 15724
30.01-50% AMI 4575 6065 11070
50.01-80% AMI 14176 11274 8787
80.01+% AMI 87126 19267 4741
Total 107171 37998 40322
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 85658 households in Sarasota County (46.2%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 73441 of elderly households in Sarasota (85.7%) own their homes.
  • 28704 elderly households (34%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Sarasota County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 56954 14177 14527
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Sarasota County was 2083 square feet.

Year Structure Built, Sarasota County, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Sarasota County 2170 45688 34901 48744 52259 23685 16820 2977 2906 230150 0.9 19.9 15.2 21.2 22.7 10.3 9.9
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Sarasota County, 2011-2015 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Sarasota County 2079 1.2 1737 1.0 3864 1.7 636 0.3
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File